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Cathie Wood Remains Bullish On These 2 Video Game Stocks: Here’s Why

Noted investor and ETF head Cathie Wood doesn’t shy away from standing behind her picks and sharing her long-term thesis on why the stocks were good bets for the long-term. Two video game-related stocks were recently defended by Wood, despite large year-to-date declines. Here are the two stocks and why Wood was bullish.

ARKK

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BZ Chart Of The Day: The Selling Just May Be Getting Started

If history is a guide, there’s a chance that the recent selloff in the market may have just gotten started. As you can see on the below chart of the Dow Jones Industrial Average going back to 1897, the current move lower is barely visible. There have been many bear markets that lasted for many months or even years.

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Why Is This ETF Soaring?

If the market continues to drop, shares of the Direxion Daily Financial Bear 3X Shares ETF (NYSE: FAZ) should skyrocket. It is designed to move in the opposite direction of the financial sector stocks. If they go down, FAZ will go up. This ETF also uses leverage. This can add to the profits.

FAZ